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Articles 1 - 22 of 22
Full-Text Articles in Business
Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2001, Central Bank Of Nigeria
Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2001, Central Bank Of Nigeria
CBN Annual Report
The Report, as in the past, reviews the operations of the Central Bank of Nigeria in its efforts at discharging its mandate for the fiscal year 2001. The major objectives of monetary policy for 2001 were outlined in the Bank's Monetary Policy Circular No. 35, which aimed to maintain internal and external balance, contribute to sustainable output growth and poverty reduction, and focus on the banking system, rate, rate regime, viability, and stability. Key policy targets included growth in broad money, narrow money, aggregate bank credit, growth in bank credit to the government, private sector, inflation rate, and GDP growth. …
Ex Parte Declaration Of Peter Cramton, Peter Cramton
Ex Parte Declaration Of Peter Cramton, Peter Cramton
Peter Cramton
Further comments on the CMRS spectrum cap. For Leap Wireless.
Financial Small-Scale Business Under The New Cbn Directive And Its Likely Impact On Industrial Growth Of The Nigerian Economy., O. J. Nnanna
Financial Small-Scale Business Under The New Cbn Directive And Its Likely Impact On Industrial Growth Of The Nigerian Economy., O. J. Nnanna
Bullion
This examines the prospects of the current drive to ensure efficient and sustainable credit delivery system to the SSls. The rest of the paper is divided into three broad sections. The first section reviews and appraises past financing programmes / schemes, highlighting the major constraints on their performance. The current initiative of the Bankers' Committee is discussed in section two, focusing on its likely impact and underscoring the needed complementary policy measures. Section three summa-rises and concludes the paper.
Financing And Promoting Small-Scale Industries. Concept, Issues And Prospects., C. M. Anyanwu
Financing And Promoting Small-Scale Industries. Concept, Issues And Prospects., C. M. Anyanwu
Bullion
The importance of small-scale industries in promoting industrialization and economic growth has been recognized globally. This paper discusses the concepts and issues that are associated with the financing and promoting of small scale industries. Nigeria is blessed with vast natural resources, including oil, gas and solid minerals, already confirmed to exist in commercial quantities. Small-scale industries development can be used for achieving the objectives of the poverty alleviation programme of the Government, given that they are highly labour intensive. Nigeria is blessed with vast natural resources, including oil, gas and solid minerals, already confirmed to exist in commercial quantities. She …
Emerging Trends In External Reserve Management, Nnadi C. Ben
Emerging Trends In External Reserve Management, Nnadi C. Ben
Bullion
This paper tries to identify some of the main trends in central Banks reserve management in recent years. lt describes some significant changes, which have taken place, with regard to the objectives and investment policies of central banks, while pointing out some elements that could noticeably slow or even reverse the trends identified. The study reveals reserve management has continued to evolve broadly in the areas of securitisation, return maximization, use of derivates and performance measurement. Secondly, in response to the increasing volatility of financial variables, central banks have at the same time continued to place emphasis on liquidity constraints.
Uniform Pricing Or Pay-As-Bid Pricing: A Dilemma For California And Beyond, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors
Uniform Pricing Or Pay-As-Bid Pricing: A Dilemma For California And Beyond, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors
Peter Cramton
Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.
Affidavit Of Peter Cramton, Peter Cramton
Affidavit Of Peter Cramton, Peter Cramton
Peter Cramton
Comment on modifications to installed capability market. For ISO New England.
Lessons Learned From The Uk 3g Spectrum Auction, Peter Cramton
Lessons Learned From The Uk 3g Spectrum Auction, Peter Cramton
Peter Cramton
No abstract provided.
Market Effectiveness Assessment, Peter Cramton, Jeffrey Lien
Market Effectiveness Assessment, Peter Cramton, Jeffrey Lien
Peter Cramton
No abstract provided.
2000 Biennial Regulatory Review Spectrum Aggregation Limits For Commercial Mobile Radio Services, Wt Docket No. 01-14, Federal Communications Commission, "Declaration Of Peter Cramton,", Peter Cramton
Peter Cramton
No abstract provided.
Reply Declaration Of Peter Cramton, Peter Cramton
Reply Declaration Of Peter Cramton, Peter Cramton
Peter Cramton
Further comments on the impact of a delayed sale of spectrum license by Pacific Communication. For American Wireless.
Two Essays On Exchange -Traded Funds, Natalya Vladimir Delcoure
Two Essays On Exchange -Traded Funds, Natalya Vladimir Delcoure
Doctoral Dissertations
The purpose of this study is twofold. The first objective is to conduct an empirical inquiry into the diversification benefits of exchange-traded funds. The second objective is to examine whether exchange-traded funds exhibit superior performance compared to their rival closed-end country fund and traditional index mutual fund. I document that American investors manifest their preference for WEBS as a substitute for closed-end country funds. While I find that WEBS satisfy their objective of following their home indexes better than their rival closed-end country fund, the two-factor model I employ indicates that, despite some diversification benefits, WEBS also maintain certain risk …
Bargaining With Incomplete Information, Peter Cramton, Lawrence M. Ausubel, Raymond J. Deneckere
Bargaining With Incomplete Information, Peter Cramton, Lawrence M. Ausubel, Raymond J. Deneckere
Peter Cramton
A central question in economics is understanding the difficulties that parties have in reaching mutually beneficial agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an overview of the theoretical and empirical literature on bargaining with incomplete information. The chapter begins with an analysis of bargaining within a mechanism design framework. A modern development is provided of the classic result that, given two parties with independent private valuations, ex post efficiency is attainable if and only if it is common knowledge that gains from trade exist. The classic problems of efficient trade with one-sided incomplete information …
Declaration Of Peter Cramton, Peter Cramton
Declaration Of Peter Cramton, Peter Cramton
Peter Cramton
Comments on the impact of fronts in the C and F Block Broadband PCS auction.
The Optimality Of Being Efficient, Peter Cramton, Lawrence M. Ausubel
The Optimality Of Being Efficient, Peter Cramton, Lawrence M. Ausubel
Peter Cramton
In an optimal auction, a revenue-optimizing seller often awards goods inefficiently, either by placing them in the wrong hands or by withholding goods from the market. This conclusion rests on two assumptions: (1) the seller can prevent resale among bidders after the auction; and (2) the seller can commit to not sell the withheld goods after the auction. We examine how the optimal auction problem changes when these assumptions are relaxed. In sharp contrast to the no resale assumption, we assume perfect resale: all gains from trade are exhausted in resale. In a multiple object model with independent signals, we …
Expert Affidavit Of Peter Cramton, Peter Cramton
Expert Affidavit Of Peter Cramton, Peter Cramton
Peter Cramton
Comments on the impact of a delayed sale of spectrum license by Pacific Communication. For American Wireless.
Forecasting Volatility: Evidence From The German Stock Market, Hagen H. W. Bluhm, Jun Yu
Forecasting Volatility: Evidence From The German Stock Market, Hagen H. W. Bluhm, Jun Yu
Research Collection School Of Economics
In this paper we compare two basic approaches to forecast volatility in the German stock market. The first approach uses various univariate time series techniques while the second approach makes use of volatility implied in option prices. The time series models include the historical mean model, the exponentially weighted moving average (EWMA) model, four ARCH-type models and a stochastic volatility (SV) model. Based on the utilization of volatility forecasts in option pricing and Value-at-Risk (VaR), various forecast horizons and forecast error measurements are used to assess the ability of volatility forecasts. We show that the mode lrankings are sensitive to …
The Impact Of Fdicia And Prompt Corrective Action On Bank Capital And Risk: Estimates Using A Simultaneous Equations Model, Kevin T. Jacques, Raj Aggarwal
The Impact Of Fdicia And Prompt Corrective Action On Bank Capital And Risk: Estimates Using A Simultaneous Equations Model, Kevin T. Jacques, Raj Aggarwal
Kevin T Jacques
This paper develops and estimates a 3SLS model to examine the simultaneous impact of PCA on both bank capital and credit risk.
Pricing In The California Power Exchange Electricity Market: Should California Switch From Uniform Pricing To Pay-As-Bid Pricing?, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors
Pricing In The California Power Exchange Electricity Market: Should California Switch From Uniform Pricing To Pay-As-Bid Pricing?, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors
Peter Cramton
No abstract provided.
Development Of Russian Commercial Banks And Financial Crisis Of 1998, Anna Barc
Development Of Russian Commercial Banks And Financial Crisis Of 1998, Anna Barc
Theses Digitization Project
This report describes the development of commercial banks in Russia and role of government and Central Bank in advance of Russian financial system.
Islands Of Conscious Power: Law, Norms, And The Self-Governing Corporation, Edward B. Rock, Michael L. Wachter
Islands Of Conscious Power: Law, Norms, And The Self-Governing Corporation, Edward B. Rock, Michael L. Wachter
All Faculty Scholarship
No abstract provided.
Norms & Corporate Law: Introduction, Edward B. Rock, Michael L. Wachter
Norms & Corporate Law: Introduction, Edward B. Rock, Michael L. Wachter
All Faculty Scholarship
No abstract provided.